Peraso is trading at $0.48 (18.89% down) in pre-market action for October 21, 2026, as the stock pulls back from a massive rally in the previous session.
- The stock surged 54.13% yesterday after announcing a production order exceeding $2 million, its largest 60 GHz order in six quarters.
- No specific catalyst has been identified for the current decline; shipments for the new order are slated to begin in Q4 2026 and continue through July 2027.
- The downward move follows a period of high volatility and a significant spike in price triggered by the milestone contract news.